Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
19/06/2024

Latest Figures On Homes Protected From Bulk Sale Welcomed

Construction News Image
The Government has welcomed the latest update on the progress of the planning measures implemented three years ago to boost home ownership and curb the bulk purchasing of homes.

The update reveals that 49,828 houses and duplexes received planning permission with conditions restricting bulk buying or multiple sales to a single purchaser, ensuring they are reserved for owner-occupiers between May 2021 and May 2024. Nearly 20,000 of these homes were ring-fenced in the past year alone.

The Ministerial Planning Guidelines are part of a series of government measures aimed at prohibiting the bulk buying of houses and duplexes to increase the housing stock available for home ownership.

-- Advertisement --

Other measures include a 10 per cent stamp duty levy on the cumulative purchase of ten or more residential houses in a 12-month period.

Commenting on the data, The Minister for Housing, Local Government and Heritage, Darragh O'Brien said: "In May 2021, I introduced changes to the planning system to protect traditional family homes from commercial institutional investors bulk purchasing them in competition with the owner-occupier market.

"This data confirms that the interventions have worked and have helped level the playing field for traditional home buyers, including first-time buyers, while at the same time, continuing to facilitate investment in the construction of new homes, particularly those high-density apartments which would not otherwise be built.

"In addition to limiting bulk purchases, we are also increasing the supply of housing as evidenced by the latest figures showing record new home starts and completions. This government is committed to supporting home ownership, and thanks to the policy measures in Housing for All, the aspiration of becoming a homeowner is increasingly coming true for a growing number of people."

Latest Construction News

17/10/2024

The worrying increase in house prices has raised major concerns with political parties throughout Ireland. According to the latest Residential Property Price Index from the CSO, the cost of buying a home has increased by more than 10 percent during the last year, heightening worries that the ...
17/10/2024

An updated report on the Analysis of Skills for Residential Construction & Retrofitting 2023-2030 has been welcomed by Further and Higher Education, Research, Innovation and Science Minister Patrick O’Donovan TD. The report, which highlights the productivity dividend from the expansion of Modern ...
17/10/2024

Road users of the Sydenham Bypass in Belfast are being asked by the Department for Infrastructure to plan their journeys carefully following changes to this weekend's diversions. As work progresses along the citybound carriageway of the Sydenham Bypass, the citybound lanes of the bypass between ...
17/10/2024

Over 10,000 trees are to be planted on school grounds across Ireland in the next three years as part of the Coill na nÓg iniative. Coill na nÓg, which means the children’s forest in Irish, is a native tree and hedgerow campaign and is open to all preschools, primary schools and secondary schools ...
17/10/2024

Threats that the existing funding for road maintenance may run out by next month means "lives could be put at risk" according to Ulster Unionist Party Deputy chair of the Infrastructure Committee, John Stewart MLA. Mr Stewart raised his serious concern about the warnings after a presentation to ...
17/10/2024

Free walk-in clinics have been offered by the Kildare County Council to assist their business community with applying for the €10,000 Energy Efficiency Grant. The grant can be used for a variety of upgrades, including meters, smart energy controls, lighting upgrades to LED, heat recovery, ...
17/10/2024

The Enabling a Greener Energy Future policy paper, which focuses on unlocking biomethane potential in Northern Ireland, has been jointly launched by the country's five gas network operators. Evolve, Phoenix Energy, Firmus Energy, Mutual Energy and GNI (UK) collaborated at an event on Wednesday to ...
17/10/2024

Leitrim County Council has announced a temporary road closure in order to facilitate water mains rehabilitation works set to be carried out by Uisce Éireann. From 6th November 2024 to 31st January 2025, the road starting from the junction with N16-2 at Pollboy Td (Shanvaus Cross) and finishing at ...
17/10/2024

Cavan County Council has announced emergency road surfacing works are set to commence across a three-day period. The L6542 Arvagh to Farrangarve from its junction with the R198 (Arvagh) to the junction with the R198 (Farrangarve) will undergo works on Friday 18th October, Monday 21st and Tuesday ...
17/10/2024

Uisce Éireann has reassured customers supplied by the Vartry Water Treatment Plant in parts of Dun Laoghaire-Rathdown and North Wicklow that their drinking water continues to meet regulatory standards. Customers within these areas reported intermittent taste and odour issues, however, Uisce ...
Fernhill StoneCuchulainn WorkwearPipelife Ireland LtdEvex LimitedLoocube.ieSiteCrew LTDR Dale Construction LtdDJ Build EstimationsIrish Crane & Lifting LimitedORourke Well Drilling
Terms and Conditions
2024/10/18 07:19:57